Highridge Costa Opens Affordable Bay Area Community

Highridge Costa Opens Affordable Bay Area Community

Twin Oaks Senior Apartments reserves residences for seniors of 62 and over. Image courtesy of Highridge Costa Highridge Costa has opened Twin Oaks Senior Apartments, a 130-unit fully affordable, age-restricted community in Oakley, Calif. SVA Architects designed the...
Tryko Lands Refi for Affordable NJ Community

Tryko Lands Refi for Affordable NJ Community

Roosevelt Village Apartments came online in 1969. Image courtesy of Yardi Matrix Tryko Partners has secured a $21.6 million refinancing loan for Roosevelt Village Apartments, a 101-unit affordable housing community in Carteret, N.J. The 10-year CMBS loan carries a...
Dominium Opens Affordable Community in Phoenix

Dominium Opens Affordable Community in Phoenix

Vista Ridge comprises 308 units. Image courtesy of Dominium Dominium has opened Vista Ridge, a 308-unit fully affordable community in Phoenix. This was the developer’s first project in Arizona. Dominium broke ground in 2021 and funded Vista Ridge with a $58...
Dominium to Build 657 Affordable Units Near Phoenix

Dominium to Build 657 Affordable Units Near Phoenix

Suncrest Vista at Canyon Trails will also be age-restricted. Rendering courtesy of Dominium Dominium will soon break ground on Estrella Springs and Suncrest Vista at Canyon Trails, two adjacent affordable communities totaling 657 units in Goodyear, Ariz. The latter...
Woda Cooper Kicks Off Michigan Affordable Project

Woda Cooper Kicks Off Michigan Affordable Project

Breton Grove will include 33 permanent supportive housing units. Rendering by Hooker DeJong, courtesy of Woda Cooper Cos. Developer Woda Cooper Cos. has broken ground on Breton Grove, a 90-unit affordable multifamily community in Grand Rapids, Mich. The project will...
CPP, Hampstead Buy Fully Affordable Utah Community

CPP, Hampstead Buy Fully Affordable Utah Community

Renovations at Skyline View Apartments will be completed in August 2024. Image courtesy of Yardi Matrix Community Preservation Partners has teamed up with The Hampstead Cos. for the purchase of a 112-unit fully affordable community in Layton, Utah. Barlow Corp. sold...

SOME Unveils DC Affordable Community

Nonprofit organization SOME (So Others Might Eat), has opened Roberts Residences, an affordable apartment community in Northeast Washington, D.C. Ribbon-cutting ceremony at Robertson Residences, Washington, D.C. Photo courtesy of SOME Situated at 1515 North Capitol...

COVID Migration Wave Widened Housing Gaps

The report was released at the organization’s annual Summit for Housing Changemakers in Washington, D.C. COVID set off a shift in household formation patterns that has not been seen since the early 20th century, according to a new report, and that shift has...
WNC Closes 2 Funds Totaling $350M

WNC Closes 2 Funds Totaling $350M

Wylie Senior Apartments in Wylie, Texas, is one of the projects included in the funds. Image courtesy of WNC WNC has closed a pair of institutional low-income housing tax funds: WNC Institutional Tax Credit Fund 55 LP, or Corp 55, and WNC Institutional Tax Credit Fund...
Reimagining Hard-to-Lease Ground-Floor Retail

Reimagining Hard-to-Lease Ground-Floor Retail

Since the end of the COVID-19 pandemic, many shoppers again prefer in-person retail experiences to buying online, which is rebooting the bricks and mortar retail market. While availability of retail space in destination lifestyle and neighborhood shopping centers has...
Douglaston Opens Bronx Affordable Senior Housing

Douglaston Opens Bronx Affordable Senior Housing

The property is reserved for seniors making 50 percent of the area’s median income. Image courtesy of Douglaston Development Douglaston Development has added much-needed affordable senior living units to New York City’s housing stock. The company opened 2850 Webster...
BLVD Buys Bay Area Affordable Senior Housing

BLVD Buys Bay Area Affordable Senior Housing

Built in 1971, Bonnie Brae Terrace encompasses three, four-story buildings. Image courtesy of The BLVD Group The BLVD Group has purchased Bonnie Brae Terrace, a 164-unit affordable senior housing community in Belmont, Calif. Lesley Senior Communities sold the asset...
CPP Buys 2 Albuquerque Affordable Assets

CPP Buys 2 Albuquerque Affordable Assets

Mountain View II and III comprise a total of 241 affordable units across 18 buildings. Image courtesy of Yardi Matrix Community Preservation Partners has purchased Mountain View II and III, two affordable housing communities in Albuquerque, N.M., for $22.3 million. JL...
2 Miami Affordable Assets Sell for $54M

2 Miami Affordable Assets Sell for $54M

Completed in 2009, Sunrise Commons exchanged hands for $15.3 million. Image courtesy of Walker & Dunlop Lincoln Avenue Communities has purchased Sunrise Commons and Malibu Gardens, two affordable housing communities, totaling 365 units, in the Miami metropolitan...
Affordable Senior Housing Breaks Ground in Queens

Affordable Senior Housing Breaks Ground in Queens

The 145,000-square-foot building will be energy efficient and all electric. Rendering by Secchi Smith for Bernheimer Architecture, courtesy of Breaking Ground. Breaking Ground and Community Healthcare Network have started construction on Sutphin Senior Residence, a...
NYC Housing Reform Proposal Makes Big Promises

NYC Housing Reform Proposal Makes Big Promises

Mayor Eric Adams delivers reforms “City of Yes for Housing Opportunity”. Screenshot of the NYC Mayor’s Office video by Jordana Rothberg In an effort to alleviate New York City’s housing crisis, Mayor Eric Adams has proposed a set of reforms...
NRP Group Opens $40M Affordable Community in Columbus

NRP Group Opens $40M Affordable Community in Columbus

The NRP Group, the Columbus Metropolitan Housing Authority, Mayor Andrew Ginther and state/local officials at the grand opening of The Sinclair Apartment Homes. Image courtesy of The NRP Group The NRP Group has opened The Sinclair Apartment Homes, a 180-unit fully...
DC Affordable Senior Housing Receives Financing

DC Affordable Senior Housing Receives Financing

A rendering of H.R. Crawford Gardens in Washington, D.C. Image courtesy of Soto Architecture & Urban Design The District of Columbia Housing Finance Agency has provided $51.3 million in financing for the construction of a new $52 million, 76-unit development for...
Multifamily Weighs In on Another Rate Pause

Multifamily Weighs In on Another Rate Pause

Federal Reserve Chairman Jerome Powell speaks at the Sept. 20 FOMC press briefing. Screenshot of the Federal Reserve livestream by Jordana Rothberg The Federal Reserve and the Federal Open Markets Committee paused interest rates today. For at least the time being, the...
Alliant Closes Pair of Tax Credit Funds

Alliant Closes Pair of Tax Credit Funds

One of the properties in the portfolio. The firm declined to disclose its identity. Image courtesy of Alliant Walker & Dunlop-owned Alliant Capital has closed two Section 42 Housing Tax Credit Investment Funds. The investment vehicles raised a total of $281...
How NRP Is Getting Projects Out of the Ground

How NRP Is Getting Projects Out of the Ground

Aaron Pechota believes that the worsening shortage of affordable housing can be tackled through stronger collaborations between public and private entities. Image courtesy of The NRP Group The U.S. Department of Housing and Urban Development has seen an alarming drop...
Cruz Development to Build DC-Area Affordable Housing

Cruz Development to Build DC-Area Affordable Housing

Branchville Crossing will comprise 51 units. Image courtesy of Cruz Development Corp. Cruz Development Corp. and its not-for-profit partner Housing Initiative Partnership have announced plans to build Branchville Crossing, a 51-unit affordable housing community in...
Suburban Boston Apartments Sold for $2M ,

Suburban Boston Apartments Sold for $2M ,

3 Warren Street Realty Trust has sold a 15-unit multifamily property in Stoneham, Massachusetts, for $2.3 million. The property was acquired by a Massachusetts-based limited liability company. The name of the buyer was not disclosed.   Located at 3 Warren St on a...